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| Entrepreneur's External Relationship Construction and New Venture's Innovation Performance：the Role of Dual Opportunity Capabilities |
| Jiang Hao, Lu Zhengnan, Zhu Dongdan |
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Abstract This paper constructs the relationship model among entrepreneurs' external relationship construction, dual opportunity capability and startup innovation. Empirical results based on the sample of college student entrepreneurs show that entrepreneurs' construction on external relations has an inverted Ushaped relationship with the innovation performance of startups; the construction of external relations also has an inverted Ushaped impact on the exploitative opportunity ability of entrepreneurs, but has a positive impact on the exploratory opportunity ability of entrepreneurs. Moreover, the exploitative opportunity ability of entrepreneurs has an inverted Ushaped effect on innovation performance of startups, while exploratory opportunity ability has a significant positive effect on innovation performance of startups. This research affirms the important role of external relations and entrepreneurs' opportunity ability in promoting the innovation performance of startups, and provides practical reference for college students' entrepreneurship and innovation.
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